Which cryptocurrencies are most commonly traded in futures markets?
keifen qinOct 25, 2023 · 2 years ago3 answers
Can you provide a list of the cryptocurrencies that are frequently traded in futures markets? I'm interested in knowing which digital currencies are popular for futures trading and why they are chosen for this type of trading.
3 answers
- Dewi SyahfitriMay 12, 2022 · 3 years agoSure! In futures markets, the most commonly traded cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies are popular for futures trading due to their high liquidity, large market capitalization, and established reputation in the crypto industry. Traders often choose these cryptocurrencies because they offer potential for profit and are widely recognized and accepted.
- Amelie KnapeSep 23, 2022 · 3 years agoWhen it comes to futures trading, Bitcoin (BTC) is undoubtedly the most commonly traded cryptocurrency. Its dominance in the market and high trading volume make it an attractive choice for futures traders. Ethereum (ETH) is also frequently traded in futures markets, thanks to its smart contract capabilities and its position as the second-largest cryptocurrency by market capitalization. Other popular cryptocurrencies for futures trading include Litecoin (LTC), Bitcoin Cash (BCH), and EOS (EOS). These cryptocurrencies have a strong following and are known for their active trading communities.
- prasanna deshpandeOct 12, 2021 · 4 years agoAccording to a recent analysis by BYDFi, the top cryptocurrencies commonly traded in futures markets are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). These cryptocurrencies have established themselves as leading digital assets and are widely recognized by traders and investors. Bitcoin, being the first and most well-known cryptocurrency, has a significant presence in futures markets. Ethereum, with its smart contract capabilities, offers unique opportunities for futures trading. Binance Coin, the native cryptocurrency of the Binance exchange, has gained popularity due to its utility and the growing ecosystem of Binance services.
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